Business · Companies · 12 hrs ago
Bank of Italy deputy says tokenisation poses strategic challenge for banks
Bank of Italy deputy governor Chiara Scotti says financial tokenisation poses a strategic challenge for banks.
Tokenisation moves financial assets and transactions onto digital platforms, potentially changing how financial services are delivered.
Scotti said banks that wait for the new system to be fully settled may reduce some risks but lose chances to learn and influence its design.
Public initiatives such as the digital euro, Pontes and Appia are laying groundwork to keep central bank money and market liquidity available as activity moves to new platforms.
Private financial firms will shape the services and business models customers use, Scotti said.
Banks must decide which activities to keep, how to maintain customer relationships and how commercial bank money will work in digital settings.
Early involvement could help banks shape standards before other choices become established.
Chiara Scotti, deputy director general of the Bank of Italy, said tokenisation poses strategic challenges for banks.
She said waiting for the new financial ecosystem to take shape could reduce risks but limit banks’ ability to learn and influence decisions.
Scotti said banks should decide which market segments and activities to focus on, and where to maintain direct customer relationships.
She said public initiatives can lay the groundwork, but private intermediaries will determine which services and business models create value.
- Who
- Chiara Scotti, deputy director general of the Bank of Italy.
- What
- She said financial services tokenisation poses strategic challenges for banks.
- When
- 2026-10-23.
- Where
- At the Institut International d'Études Bancaires.
- Why
- Tokenisation is expected to reshape the financial value chain, requiring banks to make strategic choices and build expertise.
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- Speaker
- Chiara Scotti
- Role
- Deputy director general of the Bank of Italy
- Event
- Institut International d'Études Bancaires
- Published
- 2026-10-23 15:22 UTC
- Public initiatives
- Digital euro, Pontes and Appia
What people are saying
Waiting for the new ecosystem to be fully defined may reduce some risks, but also limit the ability to learn and influence choices. Participating today means building knowledge and helping define the future ecosystem.
Public initiatives can only lay the foundations. Which services customers will use, which use cases and business models will create value will depend on private intermediaries.